rec_26

Regulation (EU) 2019/2175 of the European Parliament and of the Council of 18 December 2019 amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Banking Authority), Regulation (EU) No 1094/2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority), Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds, and Regulation (EU) 2015/847 on information accompanying transfers of funds (Text with EEA relevance) (Text with EEA relevance) · European Union

(26) For carrying out its tasks and exercising its powers for the prevention and countering of money laundering and of terrorist financing, it should be possible for EBA to take individual decisions addressed to financial sector operators in accordance with the procedure for breach of Union law and of the procedure of binding mediation even when the substantive rules are not directly applicable to financial sector operators, after having taken a decision addressed to the competent authority. Where the substantive rules are laid down in Directives, EBA should apply national law to the extent it is transposing those Directives. Where the relevant Union law is composed of Regulations and where, on the date of entry into force of this Regulation, those Regulations expressly grant options to Member States, EBA should apply national law to the extent that such options have been exercised.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.